Resilience raises $350 mln for fourth PE fund

Resilience Capital Partners has closed its fourth oversubscribed private equity fund at a hard cap of $350 million. The original target was $300 million. The Resilience Fund IV’s limited partners included pension funds, insurance companies, foundations and endowments, fund of funds, wealth managers and investment consultants. Griffin Financial Group served as advisor and placement agent. Resilence focuses on lower middle market firms that have between $25 and $250 million in revenues.

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Company Overview
Headquartered in Cleveland, Ohio, Resilience Capital Partners (“Resilience”) invests in lower middle market special situations. Resilience targets platform businesses with $25 to $250 million in revenues across a broad range of industries where it can improve a company’s operations, competitive positioning and profitability.
Situation

Resilience was seeking to raise $300 million for its fourth private equity fund, The Resilience Fund IV, L.P. (“Fund IV”). Resilience hired Griffin Financial Group LLC (“Griffin”) to act as its exclusive financial advisor and placement agent.

Solution
Griffin successfully introduced Resilience to a broad range of new limited partners in the United States and Europe. On October 31, 2015, Fund IV had a final close with $350 million of committed capital, exceeding the target of $300 million and reaching its hard cap. Fund IV was oversubscribed through the participation of a global institutional investor base that includes pension funds, insurance companies, foundations and endowments, fund of funds, wealth managers and investment consultants.

For more information on this transaction, please contact Paul F. Delaney, Senior Managing Director, at 646.254.6397 or W. Mitchell Fenimore, III, Senior Vice President, at 646.254.6395. For more information on Griffin’s services in general, contact any one of our investment banking professionals.

ABOUT GRIFFIN FINANCIAL GROUP LLC
Griffin Financial Group provides merger and acquisition advisory, capital formation, structured finance and strategic consulting services to the financial institutions, insurance, commercial and industrial, retail, services, technology and telecommunications and private equity sectors in addition to assisting businesses facing special situations. Griffin is part of the Stevens & Lee/Griffin family of companies. For more information, please contact Joseph M. Harenza, CEO and Senior Managing Director, at 610.478.2160.